Capri Holdings on Monday named Alexander McQueen chief Emmanuel Gintzburger as the new CEO at Versace, effective this September. On the same day, Kering named Gianfilippo Testa as CEO of McQueen, talking over in May.
The luxury sector was in excellent health in 2021, and leading groups are keen to maintain their margins in 2022, despite rising costs and inflationary pressures, which are expected to lead to price increases.
After a disappointing Q3, the Kering group’s powerhouse bounced back to generate a revenue of €9.7 billion, up 31%, driven by direct-to-consumer sales and thanks to even more upmarket products and multiple initiatives.
Luxury giant Kering had good news on Thursday, reporting “sharp” annual revenue growth year-on-year and a double-digit rise compared to 2019. Gucci, Saint Laurent, Bottega Veneta and Balenciaga all powered ahead.
The Kering luxury group announced Wednesday evening that Daniel Lee has abruptly quit his position as creative director of Bottega Veneta after just three years at the helm. No successor has been named.
The menswear label owned by Kering has confirmed the dismissal of 320 employees linked to the closing down of its Italian shirt and knitwear factories. Unions say the loss of this expertise will impoverish Brioni.